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Nigeria: Why We Restricted Accounts Owned By Some Nigerians - Binance CEO
Premium Times, 2 February 2022
"This is a global approach applied in every country," an official said Read more »
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Nigeria: 281 Nigerians Crypto Account Restricted On Security Concern
Daily Trust, 1 February 2022
One of the largest cryptocurrency exchanges by volume, Binance Holdings Ltd said it restricted the personal accounts of some 281 Nigerian users to comply with anti-money laundering… Read more »
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Nigeria: Nigerian Crypto Traders Stuck As Binance Upgrades AML Mechanisms
Leadership, 1 February 2022
Nigerians who invested in cryptocurrencies through one of the world's biggest crypto exchanges, Binance Holdings Limited, are currently not smiling as their investments have been… Read more »
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Nigeria: 100 for 100 Policy - CBN Disburses N23bn to Manufacturers
This Day, 1 February 2022
The Central Bank of Nigeria (CBN) has disbursed a total of N23.20 billion to 28 companies whose projects were selected for funding in the maiden batch of its newly introduced "100… Read more »
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Nigeria: 95 Days After Launch, eNaira Wallets' Download Near 700,000
This Day, 31 January 2022
The Central Bank of Nigeria (CBN) digital currency, eNaira, has continued to attract the interest of Nigeria's banking public at home and across the world, with its total downloads… Read more »
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Nigeria: eNaira - We're Guarding Against Hackers, Fraudsters - CBN
Daily Trust, 3 December 2021
The Central Bank of Nigeria (CBN) has assured that it has put in place effective mechanisms to insulate the e-Naira from hackers and fraudsters. Read more »
281 Nigerians' Crypto Accounts Restricted Over Security Concerns
Crypto exchange Binance has restricted the personal accounts of some Nigerian users to comply with antimoney laundering regulations and ensure the security of the platform for traders.
Many Nigerians trading on the Binance platform complained recently of inability to initiate or complete transactions. Users have faced challenges trading crypto since the Central Bank of Nigeria in 2021 asked lenders not to transact with cryptocurrency exchanges and ordered digital currency traders to shut down accounts. The announcement came months after it banned financial institutions from cryptocurrency-related transactions in the country, claiming the digital currency is used for money laundering and terrorism.
InFocus
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The Central Bank of Nigeria will work with Bitt Inc, a Barbados-based fintech company, as a technical partner to help it launch Nigeria's digital currency, the eNaira. It ... Read more »
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Nigeria has become the first African country to launch a digital currency - the eNaira - a move its leaders said will expand access to banking, enable more remittances and even ... Read more »
